ISLAMABAD: International Monitoring Funds Managing Director Kristalina Georgieva has said that Pakistan has to follow the program with full dedication.
According to the details, MDIMF Kristalina Georgieva, while giving a statement about Pakistan, said that the Standby Arrangement is an opportunity for macroeconomic stability for Pakistan, Pakistan has to follow the program with full dedication.
MDIMF also stressed on balancing the price and cost of electricity and said that Pakistan needs reforms in the energy sector. Market-based exchange rate is important for
The IMF has also called for improving the efficiency of the banking system and institutions, Kristalina Georgieva said, adding that there is a need to improve revenues for social and development spending, and to exercise financial control over unnecessary spending. should be done
IMF has approved a loan of 3 billion dollars for Pakistan
He said that last year Pakistan’s economy faced many challenges including floods, non-implementation of loan program policies led to increase in inflation.